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Fed Choices Offer Steady Path

More than 25 years after interning at the Federal Reserve, Harvard University economics professor Jeremy Stein could be headed back, this time as a member of the Board of Governors.

The Senate Banking Committee is scheduled to begin confirmation hearings on Tuesday for Mr. Stein and former private-equity executive Jerome Powell, President Barack Obama's nominees to fill two vacancies on the Fed board. Both men are considered unlikely...